Stumptown Coffee Roasters agrees to Peet’s Coffee & Tea buyout

Stumptown Coffee Roasters agrees to Peet’s Coffee & Tea buyout

Specialty roaster will join crowded coffee portfolio of JAB Holding Co.

Peet’s Coffee & Tea has agreed to acquire premium coffee roaster and retailer Stumptown Coffee Roasters, adding to the coffee brands within the portfolio of JAB Holding Co., announced Peet’s officials Tuesday.

Terms of the deal, scheduled to close in the fourth quarter, were not disclosed.

The 10-unit Stumptown, based in Portland, Ore., is owned primarily by private-equity firm TSG Consumer Partners LLC.

Peet’s is controlled by JAB Holding Co., an affilia

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